China's economy grew last month, according to a closely-monitored PMI series - which indicated growth for the first time in four months.

受到密切关注的财新(Caixin)采购经理人指数(PMI)系列调查显示，该指数在四个月来首次显示扩张趋势。这一结果表明，上个月中国经济活动出现了增长。

The Caixin-sponsored composite PMI for November came in at 50.5, the first time it had broken through the 50-mark separating contraction from expansion since July.

11月份，财新赞助的中国综合PMI指数读数为50.5。这是自7月份以来，该指数首次超过50这个区分收缩和扩张的荣枯线。

It had hit a record low of 48 in September, and was 49.9 in October.

今年9月，该指数曾跌至48这个创纪录低点，10月份该读数则为49.9。

He Fan, economist at Caixin, said:“This shows that the macro economy has moved further toward stable growth and the economic structure is improving. Future fiscal and monetary policies must be coordinated and large-scale stimulus should be avoided as much as possible.”

财新经济学家何帆表示：“这表明宏观经济已进一步趋稳，经济结构正在改善。今后必须协调财政政策和货币政策，尽可能避免大规模刺激。”

The Caixin-sponsored series is based on a much smaller sample of private companies than the official PMI reading, which focuses on larger state enterprises, and tends to be more volatile.

与官方PMI指数相比，财新赞助的系列调查的样本是数目少得多的民营企业，其结果的波动性往往更大。而官方PMI指数则主要关注规模更大的国有企业。

Meanwhile the services PMI reading for the month was 51.2. It had been 52 in October. The manufacturing PMI, reported earlier this week, came in at 48.6 in November, versus expectations of 48.3. It had been 48.3 in October

同时，11月服务业PMI指数是51.2。此前的10月份该指数为52。本周早些时候报出的11月份制造业PMI指数为48.6，高于48.3的预期。10月份该指数则为48.3。